Other option that I mentioned to Matt would be that today's move
is a Wave A then B pullback (say 50%) then up again in Wave C prior
to Wave 5 down (this would close the 3758 gap the fundamental
posted)
Core PCE (inflation data) came in at 4.6% y-o-y last month. This
month's reading (coming Friday) is expected to be 4.7% based on
MarketWatch median forecast. All TBD.
$SPX - Chart Link- from the SPX 4325 you can
see three large waves down (both exhibit similar characteristics
with shallow final retracements). Still not clear cut but
will monitor IF we see further strength. Continue to trade
what's in FRONT OF YOU fist and foremost. Please
understand that there are alternatives and this is subject to
CHANGE
This shows a move HIGHER after the channel break
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The time component favors the
Expanded Flat
Posted by steve on 28th of Sep 2022 at 07:05 pm
The time component favors the gray option for a larger 4th wave the other option is for short term view of Wave 3 extending
Definitely - see sticky post
PCE FRIDAYseems to be a market mover
Posted by steve on 28th of Sep 2022 at 06:39 pm
Definitely - see sticky post above
SPX 15 Views (2 Roadmaps shown) but will adjust if stronger
Posted by steve on 28th of Sep 2022 at 05:47 pm
$SPX - Chart Link- posted two different options here - both paths would lead to a test of the 200 Week MA (approx 3590).
The key to any view will be the NATURE of the next pullback and subsequent bounce
arun - refresh the blog
Expanded Flat
Posted by steve on 28th of Sep 2022 at 05:41 pm
arun - refresh the blog as I added comments
Expanded Flat
Posted by steve on 28th of Sep 2022 at 05:29 pm
$SPX - Chart Link
QQQ - Chart Link
Other option that I mentioned to Matt would be that today's move is a Wave A then B pullback (say 50%) then up again in Wave C prior to Wave 5 down (this would close the 3758 gap the fundamental posted)
You passed with flying colors
ES Levels (9/30)
Posted by steve on 28th of Sep 2022 at 05:00 pm
You passed with flying colors but not an ED - I will post my views
QQQ 60
Posted by steve on 28th of Sep 2022 at 04:28 pm
QQQ - Chart Link- took some hedges
pintopower - the QQQs could
ES Levels (9/30)
Posted by steve on 28th of Sep 2022 at 04:15 pm
pintopower - the QQQs could have completed wave C today of an expanded flat for Wave 4 - same with SPX - the next PULLBACK will tell the tale
ES 3755 strong pivot pulling
ES Levels (9/30)
Posted by steve on 28th of Sep 2022 at 03:59 pm
ES 3755 strong pivot pulling back
Open systems comments
Posted by steve on 28th of Sep 2022 at 03:46 pm
SPX 1 Updated
Posted by steve on 28th of Sep 2022 at 03:43 pm
$SPX - Chart Link
PUT THIS ON YOUR CALENDER - PCE FRIDAY
Posted by steve on 28th of Sep 2022 at 03:21 pm
Core PCE (inflation data) came in at 4.6% y-o-y last month. This month's reading (coming Friday) is expected to be 4.7% based on MarketWatch median forecast. All TBD.
Just another 100 point range
Posted by steve on 28th of Sep 2022 at 03:15 pm
Just another 100 point range day for ES . Last night's ES Pivot support 3612 produced a big response (aided of course by the BOE)
SPX 60
Posted by steve on 28th of Sep 2022 at 03:09 pm
$SPX - Chart Link- comments directly below relate to this chart
SPX notice the break of the accelerated channel which signified and short term trend change..squeeze continues
SPX notice the break of
SPX 120 Mapping
Posted by steve on 28th of Sep 2022 at 03:08 pm
SPX notice the break of the accelerated channel which signified and short term trend change..squeeze continues
SPX/ES now testing yesterday highs
Posted by steve on 28th of Sep 2022 at 03:04 pm
SPX/ES now testing yesterday highs
FNGR big move since morning
GTII big squeeze the past few days and FNGR as ...
Posted by steve on 28th of Sep 2022 at 02:40 pm
FNGR big move since morning post - trail up stops
SPX simple abc pullback off
SPX 1
Posted by steve on 28th of Sep 2022 at 02:37 pm
SPX simple abc pullback off the highs and now retest of those highs
Any Florida members please stay
Posted by steve on 28th of Sep 2022 at 02:25 pm
Any Florida members please stay safe
SPX 120 Mapping
Posted by steve on 28th of Sep 2022 at 02:21 pm
$SPX - Chart Link- from the SPX 4325 you can see three large waves down (both exhibit similar characteristics with shallow final retracements). Still not clear cut but will monitor IF we see further strength. Continue to trade what's in FRONT OF YOU fist and foremost. Please understand that there are alternatives and this is subject to CHANGE
This shows a move HIGHER after the channel break